Fidelity SAI Convertible Arbitrage Fund (FSAWX)
11.16
+0.01
(+0.09%)
USD |
Oct 06 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 1.46% | 1.249B | -- | 363.0% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 336.38M | 6.66% |
Basic Info
| Investment Strategy | |
| The Fund seeks total return through a combination of current income and capital appreciation. It employs a convertible arbitrage strategy, which involves gaining exposure to a portfolio of convertible securities and hedging the equity risk by selling short the common stock into which the securities may be converted. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Alternative |
| Broad Category | Alternative Strategies |
| Global Peer Group | Alternative Equity Market Neutral |
| Peer Group | Alternative Equity Market Neutral Funds |
| Global Macro | Alternative Equity |
| US Macro | Alternative Equity Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Alternative Equity Market Neutral Funds |
| Fund Owner Firm Name | Fidelity Investments |
| Broad Asset Class Benchmark Index | |
| ^MSACWINTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
73
-73.21M
Peer Group Low
270.38M
Peer Group High
1 Year
% Rank:
34
336.38M
-58.87M
Peer Group Low
967.96M
Peer Group High
3 Months
% Rank:
94
-5.035M
Peer Group Low
492.38M
Peer Group High
3 Years
% Rank:
25
-261.29M
Peer Group Low
2.506B
Peer Group High
6 Months
% Rank:
28
-117.01M
Peer Group Low
820.76M
Peer Group High
5 Years
% Rank:
--
-201.46M
Peer Group Low
2.660B
Peer Group High
YTD
% Rank:
26
-32.08M
Peer Group Low
1.026B
Peer Group High
10 Years
% Rank:
--
-1.346B
Peer Group Low
9.886B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of October 07, 2026.
Asset Allocation
As of August 31, 2026.
| Type | % Net |
|---|---|
| Cash | 0.85% |
| Stock | 33.09% |
| Bond | 65.58% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.47% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| United States of America USGB 09/03/2026 FIX USD Government (Matured) | 11.45% | 99.99 | 0.01% |
| United States of America USGB 0.0 10/08/2026 FIX USD Government | 10.62% | 99.99 | 0.01% |
| Mastercard, Inc. | 8.76% | 566.58 | 0.35% |
| United States of America USGB 0.0 10/29/2026 FIX USD Government | 6.67% | 99.77 | 0.01% |
| Philip Morris International, Inc. | 6.58% | 190.40 | 0.46% |
| Microsoft Corp. | 3.52% | 529.30 | 0.78% |
| Citigroup, Inc. | 3.38% | 128.52 | -0.02% |
| Knight-Swift Transportation Holdings Inc. KNIGHTR 1.0 11/15/2031 FIX USD Corporate 144A | 3.36% | 101.13 | -0.93% |
| LCI INDUSTRIES LCIIND 3.0 03/01/2030 FIX USD Corporate | 3.31% | 98.49 | -0.43% |
| Western Digital Corp. | 2.78% | 411.04 | -6.93% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 1.37% |
| Administration Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 0.00 None |
| Minimum Subsequent Investment | 0.00 None |
TTM Distributions
| Type | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Qualified Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Normal
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Qualified
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
LT Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Ordinary Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Non-Qual
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ST Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Interest
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Tax-Exempt
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ROC
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Other
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Total
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of September 30, 2026.
Basic Info
| Investment Strategy | |
| The Fund seeks total return through a combination of current income and capital appreciation. It employs a convertible arbitrage strategy, which involves gaining exposure to a portfolio of convertible securities and hedging the equity risk by selling short the common stock into which the securities may be converted. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Alternative |
| Broad Category | Alternative Strategies |
| Global Peer Group | Alternative Equity Market Neutral |
| Peer Group | Alternative Equity Market Neutral Funds |
| Global Macro | Alternative Equity |
| US Macro | Alternative Equity Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Alternative Equity Market Neutral Funds |
| Fund Owner Firm Name | Fidelity Investments |
| Broad Asset Class Benchmark Index | |
| ^MSACWINTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (10-6-26) | 8.99% |
| 30-Day SEC Yield (10-3-23) | 0.00% |
| 7-Day SEC Yield (10-3-23) | 0.00% |
| Number of Holdings | 54 |
| Stock | |
| Weighted Average PE Ratio | 28.90 |
| Weighted Average Price to Sales Ratio | 10.18 |
| Weighted Average Price to Book Ratio | 16.40 |
| Weighted Median ROE | 268.9% |
| Weighted Median ROA | 27.59% |
| Return on Investment (TTM) | 41.67% |
| Earning Yield | 0.0396 |
| LT Debt / Shareholders Equity | 1.362 |
| Number of Equity Holdings | 11 |
| Bond | |
| Yield to Maturity (8-31-26) | 1.26% |
| Effective Duration | -- |
| Average Coupon | 2.17% |
| Calculated Average Quality | 3.920 |
| Effective Maturity | 3.030 |
| Nominal Maturity | 3.030 |
| Number of Bond Holdings | 35 |
As of August 31, 2026
Growth Metrics
| EPS Growth (1Y) | 35.60% |
| EPS Growth (3Y) | 17.91% |
| EPS Growth (5Y) | 26.93% |
| Sales Growth (1Y) | 19.03% |
| Sales Growth (3Y) | 20.33% |
| Sales Growth (5Y) | 15.18% |
| Sales per Share Growth (1Y) | 19.46% |
| Sales per Share Growth (3Y) | 20.41% |
| Operating Cash Flow - Growth Rate (3Y) | 29.21% |
As of August 31, 2026
Fund Details
| Key Dates | |
| Inception Date | 9/12/2023 |
| Last Annual Report Date | 1/31/2026 |
| Last Prospectus Date | 4/1/2026 |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:FSAWX", "name") |
| Broad Asset Class: =YCI("M:FSAWX", "broad_asset_class") |
| Broad Category: =YCI("M:FSAWX", "broad_category_group") |
| Prospectus Objective: =YCI("M:FSAWX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |